on 1/1/2017 Assume that Home Corp. acquired 25% of the ordinary shares of South Corp for $300,000 During 2017, South Corp. reported net income of $160,000 and paid total dividends $60,000. If Home uses the equity method to account for its investment, the credit side in the journal entry to record gain from investment account on December 31, 2017, will be F ion Select one: a. cash 40,000 A b. gain from investment 40,000 C. investment 40.000 d. gain from investment 60,000